Canada's Triggers Start of Election Campaign--Update

TODAY: Aug. 2, 2015 PUB DATE: Aug. 2, 2015

By Paul Vieira OTTAWA--Canadian Prime Minister Stephen Harper ordered the country's Parliament to be dissolved, kicking off an extended election campaign in which the Conservative leader will vie for a fourth term amid a deteriorating economy. The move, announced Sunday, ...

Canadian Election Set for Oct. 19 -- Update

TODAY: Aug. 2, 2015 PUB DATE: Aug. 2, 2015

By Paul Vieira OTTAWA--Canadian Prime Minister Stephen Harper on Sunday launched an election campaign that will see the Conservative leader seek a fourth consecutive mandate on Oct. 19 amid a backdrop of deteriorating economic conditions and voter fatigue. Mr. Harper ...

Yahoo to Buy Social Shopping Site Polyvore -- 2nd Update

TODAY: Aug. 2, 2015 PUB DATE: Aug. 1, 2015

By Josh Beckerman Yahoo Inc. agreed to buy social shopping site Polyvore Inc., a move intended to enhance the portal's "Mavens" growth strategy. Terms of the deal weren't disclosed Friday. Venture-backed Polyvore--geared toward fashion, beauty and home décor--announced a $14 ...

South Korea Exports Fall 3.3% in July

TODAY: Aug. 2, 2015 PUB DATE: Aug. 1, 2015

By Kwanwoo Jun SEOUL--South Korea's exports shrank in July for a seventh straight month due to weaker demand for its products overseas, according to provisional data from the Ministry of Trade, Industries and Energy. Exports fell 3.3% from a year ...

China Manufacturing Activity Slips in July

TODAY: Aug. 2, 2015 PUB DATE: Aug. 1, 2015

BEIJING--China's official manufacturing purchasing managers index slipped to 50.0 in July from 50.2 a month ago, the China Federation of Logistics and Purchasing, which issues the data with the National Bureau of Statistics, said Saturday. The July PMI missed the ...

Oil Prices Fall to Multi-Month Lows as U.S. Rig Count Rises

TODAY: Aug. 2, 2015 PUB DATE: Aug. 1, 2015

By Timothy Puko Oil prices fell to new multi-month lows Friday as data showed U.S. producers put more drilling rigs to work despite a lingering world-wide glut. Many analysts and investors have warned for months that crude production could keep ...

China Manufacturing Activity Slips in July -- Update

TODAY: Aug. 2, 2015 PUB DATE: Aug. 1, 2015

By William Kazer BEIJING--A gauge of China's factory activity slipped in July, pointing to further sluggishness in the key manufacturing sector of the world's second-largest economy. Analysts said the relatively weak reading in the official China Manufacturing Purchasing Managers' Index ...

Dairy Dispute Disrupts Pacific Trade Talks -- Update

TODAY: Aug. 2, 2015 PUB DATE: Aug. 1, 2015

By William Mauldin KA'ANAPALI, Hawaii--High-level efforts here to complete a major Pacific trade deal looked poised late Friday to end without resolution amid deep differences over the trade in dairy products, people involved in the talks said. U.S. officials had ...

Monsanto Unit Sells Crop Insurance Business to AmTrust North America

TODAY: Aug. 2, 2015 PUB DATE: Aug. 1, 2015

By Maria Armental The Climate Corp., a unit of Monsanto Co. (MON), is selling its crop insurance business AmTrust Financial Services Inc. (AFSI). Financial terms weren't disclosed. The agreement gives the New York multinational insurance company exclusive access to some ...

Pacific Trade Talks End With No Deal -- 2nd Update

TODAY: Aug. 2, 2015 PUB DATE: Aug. 1, 2015

By William Mauldin High-level efforts to complete a major Pacific trade agreement ended Friday without resolution amid deep differences over trade in dairy and other products. U.S. and other officials had hoped to wrap up the final contours of the ...

As Fed Rate Rise Nears, Traders Obsess Over Economic Data

TODAY: Aug. 2, 2015 PUB DATE: Aug. 1, 2015

By James Ramage And Min Zeng In the race to predict the timing of the Federal Reserve's anticipated interest-rate rise, traders are digging ever deeper into the slew of economic data points released each day. On Friday, it was the ...

China Official Nonmanufacturing PMI 53.9 in July Vs 53.8 in June

TODAY: Aug. 2, 2015 PUB DATE: Aug. 1, 2015

BEIJING--China's official nonmanufacturing purchasing managers' index, a gauge of activity outside factory floors, edged up to 53.9 in July from 53.8 in June, the China Federation of Logistics and Purchasing said Saturday. A reading above 50 indicates expansion, while a ...

Bundesbank Vice President Warns of Grexit Consequences--Report

TODAY: Aug. 2, 2015 PUB DATE: Aug. 1, 2015

By Natascha Divac FRANKFURT--Claudia Buch, the vice president of Germany's Bundesbank, has warned of the consequences of a Greek exit from the eurozone, saying it would represent "a first-time revocation of a European integration step," and change the character of ...

UPS Buys Firm To Aid Logistics

TODAY: Aug. 2, 2015 PUB DATE: Aug. 1, 2015

(FROM THE WALL STREET JOURNAL 8/1/15) By Laura Stevens and Paul Page United Parcel Service Inc. has agreed to buy Coyote Logistics LLC for $1.8 billion, looking to expand in the burgeoning freight-brokerage business and get a better handle on ...

Yahoo to Buy Social Shopping Site Polyvore -- 3rd Update

TODAY: Aug. 2, 2015 PUB DATE: Aug. 1, 2015

By Josh Beckerman Yahoo Inc. agreed to buy social shopping site Polyvore Inc., a move intended to enhance the portal's "Mavens" growth strategy. Terms of the deal weren't disclosed Friday. Venture-backed Polyvore--geared toward fashion, beauty and home décor--announced a $14 ...

Deadline Draws Near for Puerto Rico

TODAY: Aug. 2, 2015 PUB DATE: July 31, 2015

Investors are bracing for Puerto Rico to miss about $58 million in bond payments in coming days, as the U.S. commonwealth attempts to restructure $72 billion of debt. Saturday's deadline could mark the first skipped payment to bondholders since Gov. ...

Deadline Draws Near for Puerto Rico on Debt

TODAY: Aug. 2, 2015 PUB DATE: July 31, 2015

By Aaron Kuriloff Investors are bracing for Puerto Rico to miss about $58 million in bond payments in coming days, as the U.S. commonwealth attempts to restructure $72 billion of debt. Saturday's deadline could mark the first skipped payment to ...